林业企业上市公司发展能力分析

Analysis of Development Capacities of Listed Companies in Forestry Industry

我国林业企业有4.5万家左右[5],但上市公司却只有5家,可见林业企业还有很大的发展空间,对上市林业企业发展能力的探讨具有重要现实意义。本文选取典型的3家林业上市公司为行业代表,基于其2013—2017年的财务数据,运用衡量企业发展能力的财务指标分析方法,结合企业经营状况和行业宏观分析,对其进行发展能力评价分析。研究结果表明,由于在经营模式与产业结构、资本积聚度以及经营规模等方面存在的问题,我国林业上市企业发展能力总体较弱。林业上市公司应注重科技创新,延伸产业链条,充分利用国家政策机遇,拓展融资渠道,加快资源并购,扩展运营规模,才能提升林业上市公司整体发展能力,从而带动林业行业企业的发展。

There are about 45,000 forestry enterprises in China,but there are only 5 listed companies.It can be seen that forestry enterprises still have a large space for development.It is of great practical significance to explore the development capabilities of listed forestry enterprises.This paper selects three typical forestry listed companies as industry representatives.Based on their 2013-2017 financial data,this paper uses relevant financial indicators of development capabilities to evaluate the development capabilities of these forestry listed companies,combining the business operational and industrial macro analysis.The discussion reveals that the development capabilities of listed forestry companies are generally not satisfactory due to the problems in their business models and product structures,capital accumulation as well as business scales.The article proposes some countermeasures to improve the development capabilities of forestry listed companies,which can also be used as references for the development of enterprises in forestry industry in general.